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Global Sukuk Market 2016-2020

Global Sukuk Market 2016-2020

About Sukuk

Sukuk comes from the word "sakk" which is considered an investment certificate that follows Islamic financing principles. The sukuk helps to facilitate trade transactions as this serves as a promissory note among merchants. The issuer of the sukuk sells the certificate to an investor group. This investor group rents the certificate back to the issuer at a predetermined fee. The issuer of the certificate makes a contractual promise to buyback the certificate at a future date at par value.

Technavio’s analysts forecast the global sukuk market to grow at a CAGR of 8.51% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global sukuk market for 2016-2020. To calculate the market size, the report considered revenue generated from the sale of industrial agitators to process industries.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Sukuk Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the total revenue generated from the sukuk issuance primarily in the emerging markets such as Southeast Asia, Middle East, and rest of the world.

Key vendors
  • Abu Dhabi Islamic Bank
  • Al Baraka Bank
  • Al Rajhi Bank
  • Dubai Islamic Bank PJSC
  • HSBC
  • Kuwait Finance House
  • Maybank Islamic Berhad
  • Qatar International Islamic Bank
  • Samba
Other prominent vendors
  • Bank Mandiri
  • PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA
Market driver
  • Diversification of investment pattern in emerging countries
  • For a full, detailed list, view our report
Market challenge
  • Lag in profitability compared to traditional institutions
  • For a full, detailed list, view our report
Market trend
  • Expansion of employment opportunities and technical expertise
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Sukuk Market 2016-2020

Technavio recognizes the following companies as the key players in the global sukuk market: Abu Dhabi Islamic Bank, Al Baraka Bank, Al Rajhi Bank, Dubai Islamic Bank, HSBC, Kuwait Finance House, Maybank, Qatar International Islamic Bank and Samba.

Other Prominent Vendors in the market are: Bank Mandiri, and PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA.

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be expansion of employment opportunities and technical expertise. Outsourcing and white labelling activities have emerged in significant volumes in this market. Islamic finance market players should consistently formulate different solutions and strategies in the interest of gaining greater efficiency and shorter time to market. Most of the mature and developing Islamic markets are facing shortages in technical expertise in terms of product innovation and in driving sales. Consequently, potential markets (such as GCC and APAC) are striving to obtain technical expertise that can spur innovation in Islamic finance products. Therefore, the market offers significant opportunity for active and experienced Islamic players that can leverage competitive strengths in new markets and can become either an outsourcing partner or white labelling provider.”

According to the report, increasing market prospects will be a key driver for market growth. Islamic products have low market penetration in the current market scenario. We expect top vendors in the market to start providing different Islamic products and this should enhance their growth strategies. The Sukuk market is one of the most significant investment avenues and is also a key supporting factor that may power high growth in the Islamic finance industry. The issuance of Sukuk with longer tenures should match investments and risk management needs with long-term liability, and this marriage may boost growth of investment-linked products.

Further, the report states that different interpretation of Shariah laws will be a challenge for the market. The development of Islamic finance products has taken root in two key geographical areas: Southeast Asian countries and the Middle East. This has spurred developments in two different directions. The Middle East applies stricter interpretations of Shariah laws than Southeast Asian countries; for instance, Malaysia operates more flexible interpretations of the Quran than other nations, but we have to bear in mind that the Shia and Sunni denominations subscribe to different interpretations of the Quran.

Companies Mentioned

Abu Dhabi Islamic Bank, Al Baraka Bank, Al Rajhi Bank, Dubai Islamic Bank, HSBC, Kuwait Finance House, Maybank, Qatar International Islamic Bank Samba,Bank Mandiri, and PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table List of top vendors offering sukuk
    • Countries covered
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Basic principles of Islamic finance
      • Table Difference between the conventional financing and Islamic financing
    • Islamic financial contracts
      • Table Islamic financial contracts
      • Table The Murabaha model
      • Table Types of Musharaka
      • Table Types of Ijarah
      • Table The Ijarah model
      • Table Structure of Istisna
    • Definition of sukuk
    • Principal documents in sukuk
      • Table Principal documents in sukuk
    • Benefits of sukuk
    • Difference between conventional bonds and sukuk
  • Market landscape
    • Market overview
      • Table Benefits of Sukuk-Al-Ijarah
      • Table Difference between Sukuk-Al-Musharakah and conventional bond
      • Table How hybrid sukuk works
    • Market size and forecast
      • Table Global sukuk market 2015-2020 ($ billions)
      • Table International corporate sukuk market share 2015
      • Table Domestic corporate sukuk market share 2015
      • Table Sukuk market share by tenure 2015
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Table Geographical segmentation 2015-2020
    • Southeast Asia
      • Table Sukuk market in Southeast Asia 2015-2020 ($ billions)
    • Middle East
      • Table Sukuk market in Middle East 2015-2020 ($ billions)
    • ROW
      • Table Sukuk market in ROW 2015-2020 ($ billions)
  • Market drivers
    • Diversification of investment pattern in emerging countries
    • Increasing market prospects
    • Cross border transactions
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Lag in profitability compared to traditional institutions
    • Improving international transparency, standards, regulations, innovation, and compliances
    • Different interpretation of Shariah laws
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Expansion of employment opportunities and technical expertise
    • Increase in the financial institutions offering Shariah-compliant products and solutions
    • Digitization and the path ahead
  • Vendor landscape
    • Competitive overview
    • Other prominent vendors
      • Table Other prominent vendors
  • Competitive landscape
    • Abu Dhabi Islamic Bank
      • Table Financials of Abu Dhabi Islamic Bank 2015
    • Al Baraka Bank
      • Table Financials of Al Baraka Bank 2015
    • Al Rajhi Bank
      • Table Financials of Al Rajhi Bank 2015
    • Dubai Islamic Bank
      • Table Financials of Dubai Islamic Bank PJSC 2015
    • HSBC
      • Table Financials of HSBC 2015
    • Kuwait Finance House
      • Table Financials of Kuwait Finance House 2015
    • Maybank
      • Table Financials of Maybank Islamic Berhad 2015
    • Qatar International Islamic Bank
      • Table Financials of Qatar International Islamic Bank 2015
    • Samba Financial Group
      • Table Financials of Samba Financial Group 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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